Snowflake(SNOW)

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2 Top Buffett Stocks to Buy and Hold for the Long Haul
The Motley Fool· 2024-05-15 10:30
Despite recent stock price troubles, these companies have long-term value propositions that investors should consider.Many stock investing fundamentals remain the same regardless of the investor, but specific investments should be tailored to match your financial situation, risk tolerance, and time horizon. That said, there's nothing wrong with looking to investors whose financial situation is different from yours for stock investment motivation.Many investors look to billionaire Warren Buffett for investme ...
Why Snowflake Inc. (SNOW) Outpaced the Stock Market Today
Zacks Investment Research· 2024-05-14 22:46
In the latest trading session, Snowflake Inc. (SNOW) closed at $160.95, marking a +0.73% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.48%. Meanwhile, the Dow gained 0.32%, and the Nasdaq, a tech-heavy index, added 0.75%.The company's shares have seen an increase of 5.14% over the last month, surpassing the Computer and Technology sector's gain of 1.47% and the S&P 500's gain of 2%.Analysts and investors alike will be keeping a close eye on the performance of ...
Wall Street Analysts Think Snowflake (SNOW) Is a Good Investment: Is It?
Zacks Investment Research· 2024-05-13 14:36
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Snowflake Inc. (SNOW) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Snowflake currently has an average brokerage recommendati ...
Wall Street Thinks This Warren Buffett AI Stock Pick Has 38% Upside
24/7 Wall Street· 2024-05-10 13:45
Wall Street Thinks This Warren Buffett AI Stock Pick Has 38% Upside Mariia Tagirova / Shutterstock.com It’s no surprise that when Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A) part with shares of Apple Inc. (NASDAQ: AAPL), the largest stake in the Berkshire portfolio, it makes headlines. The so-called Oracle of Omaha is probably the best-known investor in the world, certainly one of the most successful. Millions of investors and aspiring investors still hang on his every word. So, is it time to ...
1 Warren Buffett-Owned Stock With 36% Upside This Year
24/7 Wall Street· 2024-05-09 14:03
Core Viewpoint - Warren Buffett's Berkshire Hathaway has invested in Snowflake Inc., highlighting the company's potential in the AI sector despite recent stock price declines [1][2]. Company Performance - Snowflake generated $2.67 billion in product revenue for fiscal year 2024, marking a 30% year-over-year increase, while free cash flow rose 56% to $810 million [1]. - The stock is currently trading at $157, which is 33% below its 52-week high and 20% down year-to-date [2]. Market Position and Strategy - Snowflake is strategically positioned in the generative AI space, recently launching an open-source generative AI model called Arctic, which aims to set a new standard for AI technology [3]. - The company is planning a data cloud summit featuring Nvidia's CEO, which is expected to enhance its visibility and association with AI innovation [4]. Analyst Sentiment - Analysts have set an average price target of $211 for Snowflake, indicating a potential upside of approximately 36% based on higher estimates reaching $260 [1][5]. - Snowflake's multiples are now more reasonable compared to the peak valuations seen in 2021, and it continues to deliver strong growth rates in the software sector [5].
Struggling Tech Stock To Avoid This Month
Forbes· 2024-05-08 18:54
Snowflake (SNOW) has had some trouble breaking over the $160 level for the past couple months. The stock is trading well below its February bear gap and is down 20.5% since the start of the year. If past is precedent, the cloud stock is about to encounter more technical trouble.SNOW is now one standard deviation from its 50-day moving average. For the purpose of this study, Schaeffer's Senior Quantitative Analyst Rocky White defines that as the equity trading below the moving average for 80% of the time ove ...
Will Snowflake (SNOW) Beat Estimates Again in Its Next Earnings Report?
Zacks Investment Research· 2024-05-02 17:11
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Snowflake Inc. (SNOW) . This company, which is in the Zacks Internet - Software industry, shows potential for another earnings beat.This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 86.27 ...
Snowflake Inc. (SNOW) Stock Dips While Market Gains: Key Facts
Zacks Investment Research· 2024-04-29 22:50
The latest trading session saw Snowflake Inc. (SNOW) ending at $157.44, denoting a -0.44% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.32%. At the same time, the Dow added 0.38%, and the tech-heavy Nasdaq gained 0.35%.The company's shares have seen a decrease of 2.15% over the last month, not keeping up with the Computer and Technology sector's loss of 1.9% and the S&P 500's loss of 2%.Investors will be eagerly watching for the performance of Snowfl ...
Here's 1 Artificial Intelligence (AI) Stock I'm Avoiding Like the Plague
The Motley Fool· 2024-04-29 18:00
Artificial intelligence is garnering a lot of hype right now, but one notable name in the space is falling behind.2024 has gotten off to a sizzling start in the stock market. The S&P 500 is up 7%, while the tech-heavy Nasdaq Composite has rallied 6% as artificial intelligence (AI) euphoria continues to dominate.One company that seems to have lost its groove, however, is Snowflake (SNOW 0.35%). Shares of the database management company are down 21% so far this year. The reason? Concerns are growing that Snow ...
Snowflake stock forecast: SNOW just formed a scary pattern
Invezz· 2024-04-26 10:06
Snowflake (NYSE: SNOW) stock price has formed the dreaded death cross pattern as concerns about its growth trajectory continued. It crashed to a low of $144.50 this week, down by over 35% from its highest point this year, meaning that it is in a deep bear market.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Snowflake growth concernsCopy link to sectionSnowflake is a top Warren Buffett-backed company that provides Software as a Service (SaaS) solutio ...